the Fool on VET (recent) - Vermilion Energy (TSX:VET)(NYSE:VET) is the third and final energy stock I want to zero in on today. I’d targeted this dependable stock back in May 2020. Its shares have climbed 62% year-over-year as of close on August 27. The stock is down 6.3% month over month.
The company unveiled its second-quarter 2021 earnings on August 16. Funds flow from operations rose 7% from the prior year to $173 million. Meanwhile, Vermilion generated $94 million in free cash flow. Vermilion’s stability and consistent cash flow have made it a strong target for investors on the hunt for dividends. However, turbulence forced the company to suspend its dividend in the spring of 2020.
It hopes to return to paying out regular dividends on the back of recent successes. Shares of this energy stock are coming off a descent to oversold levels. Like its peers, it is not too late to grab the discounted stock before September.